Reuters News
Retail brokerage TD Ameritrade Holding Corp has invested in a new cryptocurrency exchange called ErisX in a bid to offer clients digital asset investment options beyond the popular bitcoin, Reuters reported. TD Ameritrade clients can already trade bitcoin futures over the CBOE Futures Exchange. ErisX will allow clients to potentially trade other cryptocurrency futures, such as Etherium and Litecoin, said J.B. Mackenzie, TD Ameritrade’s managing director of futures and foreign exchange. TD Ameritrade joined more than a dozen other investors backing the Chicago-based company. Terms weren't disclosed.
Slack Technologies Inc, a provider of chat services for businesses, is preparing for an initial public offering in the first half of 2019, the Wall Street Journal reported on Friday, citing people familiar with the company’s plans.
Cannabis investor Canopy Rivers, the venture arm of industry giant Canopy Growth Corp went public this week in a debut that gave it a market capitalization of about $1.6 billion, more than double its valuation prior to the listing, Reuters reported. Canopy Rivers has made about a dozen Canadian and international investments, which include licensed producers, pharmaceutical formulators and retail networks. “It’s Canopy Growth’s proxy for Google Ventures,” Bruce Linton, CEO of both the companies, said. Canopy Rivers is currently looking at investments in Europe and South America, he added.
German start-up investor Rocket Internet (RKET.DE) is preparing its African online shopping platform Jumia for a possible New York listing in the first quarter of 2019 which could value the firm at about $1 billion, sources told Reuters.
South Africa-based financial technology firm JUMO plans to expand in high-growth Asian markets after securing the backing of Goldman Sachs (GS.N) in an equity funding round, the company’s chief executive said.
China’s Meituan Dianping, an online food delivery-to-ticketing services platform, confirmed it had filed for an up to $4.4 billion Hong Kong IPO and said it will focus on its domestic business instead of overseas expansion in the near future, Reuters reported.
Britain’s OakNorth, a start-up specialist bank that provides business and property loans, has been valued at $2.3 billion after closing a $100 million funding round, Reuters reported.
South African fintech start-up Yoco raised $16 million from international and local investors in a private funding round, it said on Thursday.
A Chinese travel website backed by Singaporean state investor Temasek Holdings [TEM.UL] hopes to raise up to $300 million in a new funding round that it hopes to value the firm at $2 billion to $2.5 billion, sources told Reuters.
Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker, Reuters reported.